sponsored links
- The Reserve Bank of India has set up a working group to review the guidelines for hedging of commodity price risk by residents in the overseas markets during the development phase of our domestic commodity derivative market. Who is the chairman of the Working Group ?
- Shri Chandan Sinha, Executive Director, RBI
- Shri T. Rabi Sankar
- Shri P. K. Bindlis
- Shri VenkatNageshwar
- Shri AjitRanade
- Debit cards are issued by banks and are linked to a bank account. Credit cards are issued by whom ?
- What are the usages of prepaid cards issued by banks ? (Such prepaid cards are known as open system prepaid cards).
- to withdraw cash from an ATM,
- purchase of goods and services at Point of Sale (POS)/E-commerce (online purchas
- for domestic fund transfer from one per-son to another.
- All the above
- None of these
- Is there any limit on the value stored in a prepaid card ?
- No
- Yes, as per extant instructions, the maximum value that can be stored in any prepaid card (issued by banks and authorised non-bank entities) at any point of time is Rs 50,000/-
- Rs.1,00,000/-
- Rs.2,00,000/-
- None of these
- What is an Automated Teller Machine (ATM) ?
- Cheque
- Automated Teller Machine is a computerized machine that provides the customers of banks the facility of accessing their account for dispensing cash and to carry out other finan-cial & non-financial transactions without the need to actually visit their bank branch.
- Demand Draft
- Promissory Note
- None of these
- What is NEFT ?
- National Electronic Funds Transfer (NEFT) is a nation-wide payment system facilitating one-to-one funds transfer
- It is locker
- It is a loan
- It is a credit balance
- None of these
- What are the operating hours of NEFT ?
- 6 AM to 6 PM
- Presently, NEFT operates in hourly batches - there are twelve settlements from 8 am to 7 pm on week days (Monday through Friday) and six settlements from 8 am to 1 pm on Saturdays
- 10 AM to 5 PM
- 12 Hrs. to 14 Hrs.
- None of these
- What is IFSC? Give details?
- IFSC or Indian Financial System Code is an alpha-numeric code that uniquely identifies a bank-branch participating in the NEFT system
- This is an 11 digit code with
- the first 4 alpha characters representing the bank
- the last 6 characters representing the branch. The 5th character is 0 (zero)
- All the above
- What are the benefits of using NEFT ?
- The remitter need not send the physical cheque or Demand Draft to the beneficiary &The beneficiary need not visit his / her bank for depositing the paper instruments.
- The beneficiary need not be apprehensive of loss / theft of physical instruments or the likelihood of fraudulent encashment thereof
- Cost effective.
- Credit confirmation of the remittances sent by SMS or email
- All the above
- Acceptance of money in which schemes is not allowed as acceptance of money under those schemes is a cognizable offence under the Prize Chit and Money Circulation (Banning)?
- Money Circulation/
- Multi-level Marketing/
- Pyramid structured schemes
- Ponzi Scheme
- All the above
- Which of the following is correct with respect to RBI ?
- It is a supervisor of Financial System
- Prescribes regulations for sound functioning of banks and financial institutions, including non-banking finance companies
- Promotes best practices in risk management and corporate governance to protect depositors' interest and to enhance public confidence in the financial system of the country
- Encourages use of technology in banks to provide cost-effective service to consumers
- All the above
- What is ASBA ?
- ASBA is a supplementary process for applying in public issues.
- ASBA facility can be used for Initial and Follow-on Public Offers (IPO and FPO), Rights Issues, and Debt Issues..
- Under ASBA, funds will continue to earn interest during the application processing period, if held in an interest bearing account.
- Bank will mark a lien on the deposit account of the investor to the extent of the application money. The lien will be removed immediately after finalization of the basis of allotment. If bid is successful, the deposit account will be debited and the alloted shares will be transferred to the applicant's Demat account
- All the above
- In MICR technology the information is printed on the instrument with a special type of ink and it is made up of which material ?
- Sand
- magnetic material
- Diamonds
- Aluminium
- Silver
- What are the uses of the Cash Deposit Machine, better known as CDM ?
- is an ATM like machine
- allows you to deposit cash directly into your account using the ATM cum debit card.
- You can use this machine to instantly credit your account without visiting the branch.
- The transaction receipt also gives you your updated account balance
- All the above
- Inter-bank Mobile Payment Service is a new facility added to which of the fol-lowing? (It facilitates funds transfer to an account of the beneficiary with a participating bank, based on beneficiary's Mobile Number and MMID)
- Service Area Approach
- Mobile Banking Service
- Lead Bank method
- Home branch service
- None of these
sponsored links
0 Responses:
Post a Comment